NEW DELHI (Reuters) - Russia’s state-owned arms exporter, Rosoboronexport, has emerged as the lowest bidder for India’s $3 billion (2.33 billion pounds) tender to source short-range air defence missile systems, the Indian army said on Monday.

Last month, India agreed a deal with Russia to buy S-400 surface to air missile systems, the two sides said, as New Delhi disregarded U.S. warnings that such a purchase could trigger sanctions under U.S. law.